Woburn Council of Social Concern Inc

Analysis

Woburn Council of Social Concern Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in August 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Woburn Council of Social Concern Inc reported income of $3.2m and spending of $2.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.2m (+38%), an average of +8.4% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Woburn Council of Social Concern Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.2m), Habitat for Humanity International Inc ($3.2m) and Disinformation Index Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $199k (7.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.4m against liabilities of $218k, net assets of $2.2m. It reported 29 employees.